Purchase Solution

Reasons Audits Accumulate Evidence

Not what you're looking for?

Ask Custom Question

Auditors accumulate evidence to:

a.) defend themselves in the event of a lawsuit
b) justify the conclusions they have otherwise reached
c) satisfy the requirements of the Securities Acts of 1933 and 1934
d) enable them to reach conclusions about the fairness of the financial statements.

Purchase this Solution

Solution Summary

A sentence explains the reasons for audits to accumulate evidence.

Solution provided by:
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
Recent Feedback
  • "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
  • "Thank, this is more clear to me now."
  • "Awesome job! "
  • "ty"
  • "Great Analysis, thank you so much"
Purchase this Solution


Free BrainMass Quizzes
Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Basics of corporate finance

These questions will test you on your knowledge of finance.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Operations Management

This quiz tests a student's knowledge about Operations Management